Product Expansion

A small scale company can expand its line of products or add new features to increase sales and profits. When small companies use a product expansion technique, it is also referred as product development.

The selling continues within the current market. A product expansion growth strategy basically works well when there is a change in technology. Companies may also be compelled to add new products as older ones become outdated.

Related Posts

Comments are closed.

© 2024 Mechanical Engineering - Theme by WPEnjoy · Powered by WordPress